“Managers expect a V-shaped crisis, with a double-speed comeback: slow growth until the end of 2020, which will recover 3% of the 20% decline, followed by an accelerated comeback in 2021, in which the gap of 17% will be covered in six months. Romanian managers are cautious about the near future, but optimistic about the distant future,” stated Andrei Cionca, CEO of Impetum Group, which administers companies in financial distress.
Confidex measured the perceptions of managers and C-level representatives within small, medium and large companies in Romania, with respect to the period of uncertainty during the February-April 2020 interval.
“The survey polled 39,000 companies, with a turnover of EUR100,000 to over EUR5 million. 75% of the sample are companies with a turnover of over EUR1 million. Of the total, 90% of respondents are CEOs and the remaining 10% are other representatives of C-level management (…),” stated Alina Birsan, research manager within Impetum Group.
“Most Romanian managers, namely 58% of respondents, are pro-growth, through productivity and investments,” Cionca also said.
The companies surveyed operate in the sectors of agriculture, industry and energy, constructions, commerce and HoReCa (hotels, restaurants, cafés), transport, distribution, storage and services.